Is Access Protocol ACS a Good Investment?

What’s Access Protocol ACS Token?

Access Protocol is a web3 based monetization layer that enables content creators to monetize their content directly. Unlike traditional platforms such as Patreon, Substack, YouTube, and Twitch, Access Protocol eliminates the need for creators to rely on algorithms, data, and social media reach to gain new subscribers and get paid accordingly.

How Access Protocol ACS Works?

With Access Protocol, creators can paywall and customize premium content on the Access content hub, where subscribers (ACS token stakers) can pay directly to the creators to access this content without an intermediary. The protocol is designed to foster closer relationships between digital content creators and their supporters, who can support their favorite artists directly instead of having a majority of their money routed through a go-between platform such as Facebook, Twitch, YouTube, or TikTok.

Access Protocol also eliminates wait times for content creators to start monetizing their creations. For example, content creators integrating the Access Protocol can begin monetizing their work immediately, and they’re listed on a leaderboard that allows users to find them more easily without relying on algorithms, social media advertising, or word of mouth to add new subscribers.

Users stake their ACS tokens into a content creator’s “pool,” giving the user access to new content. Adding more tokens into the pool can enable premium content determined by the creator. Once tokens are placed into the locked pool, both the users and creators receive a daily allotment of ACS tokens proportional to their input. ACS token holders can reinvest their daily incentives to the same content producer or another creator in the ecosystem or retain them as investments.

ACS Market Cap and Price History

ACS coins have been distributed to creator and staker incentives, the Community Treasury, the Access Labs Treasury, employees and investors, and early airdrops. There is no upper limit to the number of ACS tokens that will be minted, and the 2% transaction fee charged by the AP system is burned to avoid diluting the coin’s value.

On February 15, 2022, ACS reached an all-time high of just over $0.025, while its all-time low came a few hours after its debut, when many early adopters traded in their tokens. It reached a low of $0.0069, but it immediately rebounded.

ACS’ all-time low occurred shortly after its debut, dropping to $0.0069 due to early adopters trading in their tokens. However, it quickly rebounded and reached its all-time high about five hours later.

ACS Price

The Value of ACS

Investors interested in buying ACS coins can do so on a DEX or CEX. The process may vary slightly depending on the exchange, but the basics remain the same. For instance, on Uniswap (V3), you can swap/trade ACS by connecting your wallet (MetaMask, Coinbase wallet, Trustwallet, WalletConnect) and selecting the currency you want to trade. Uniswap will then display the corresponding dollar value in exchange that you’ll receive. On the other hand, buying ACS on a CEX like BingX is relatively straightforward; you need to sign up or log in to your BingX account, deposit USDT, then navigate to the ACS USDT trading pair on the BingX Spot Trading page to get started.

As with any cryptocurrency, investing in ACS involves taking certain risks, and no investment is ever guaranteed to turn a profit. However, Access Protocol is considered an excellent investment opportunity due to its recent market debut and potential to skyrocket in price in the future. Telegaon.com conservatively estimates that the ACS coin will reach a high of $1 by 2029, but that timeline could move up considerably after markets readjust. Even if the price takes a long time to take off, investing in ACS is still worthwhile because users will receive the content plus additional ACS coins, unlike on other platforms where users only receive the content.